Palm Grove, Meadfoot Sea Road, Torquay, Devon Freehold : £850,000

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Full Details

LOCATION
Palm Grove Bed & Breakfast is located in one of the most prestigious areas of Torquay with Torquay harbour and town centre just “around the corner” and the renowned Meadfoot Beach within easy reach , thus being a very popular destination for visitors to base themselves whilst visiting the area.

DESCRIPTION
This elegant Victorian Villa has undergone much refurbishment by the current owners over the last few years resulting in a beautifully presented Villa Bed & Breakfast, offering 3 room grades, all being well presented and furnished.

The bed and breakfast consist of a total of 14 operational letting rooms which are split into 3 different room types including Super King Double, King Size Double and Compact Double Rooms are at ground and first floor level. There is also the tower suite, a compact suite arranged over two floors with its own en-suite facilities which is currently not in use and requires general refurbishment.

The newly refurbished owner’s accommodation affords the ability to have two self-contained or one large apartment together with extensive storage and or additional accommodation alongside. There is also another managers studio behind the office.
Palm Grove B&B is Licensed but the vendors now no longer operate a bar. However, the former bar is still in place -used for breakfast service – and doors open onto an extensive terrace to the front and side of the Villa a perfect spot for guests to admire the landscaped gardens and private swimming pool.

With the good sized and well-equipped kitchens already in place this super property offers tremendous potential to add a food and beverage operation including functions to compliment the rooms if so wished.

Great Location - Great Accommodation - Great Potential – Viewing Essential.

ACCOMMODATION
Ground floor
Entrance lobby into hallway large Dining Room , Kitchens, Office, Managers Studio apartment, 3 en-suite letting bedrooms.

First floor
11 en-suite letting Rooms
Tower suite (not in use)

Garden Level
Owners Apartment which as currently arranged can provide two self-contained 1-bedroom apartments or else a 3-bedroom apartment. There is also extensive full height storage which could be used for a variety of uses subject to the necessary consent including potentially further accommodation if required.

Outside
Extensive paved terrace overlooking the outdoor heated swimming pool and gardens. Tarmac Car Parking to front.

Business
For the past few years the vendors have opened on restricted hours and they have enjoyed a good turnover mindful that there is the potential to greatly expand if they offered all year around opening. Further details on request.

VAT
All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

LEGAL COSTS
Each party to be responsible for their own legal costs incurred.

VIEWING
Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060

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WAYCOTTS (DEVON) LIMITED Trading as WAYCOTTS

41 Houndiscombe Road, Plymouth, PL4 6EX

Company No. 08771510 Registered in England and Wales

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